Trackers:Overnight grain, soybean markets=Trading sharply higher.Crude Oil=$0.17 per barrel lower. Dollar=Higher.Wall Street=Seen higher, as Alcoa reports stronger second quarter earnings. Investors are still awaiting the release of the minutes of the latest Federal Reserve meeting. Many believe the minutes will indicate when the Fed will slow the monetary easing program.

Re: Floor Talk July 9

Folks,

I visited this cornfield in southcentral Iowa, Monday. I know there are spots in the Midwest that are struggling with the growing season. That's why when I ran into this field, I was surprised to see such healthy corn. The farmer in these photos stands 6'0 tall. So, I'm estimating this corn is about 10'0-11'0 feet tall. Not only is it tall, but the plant health from roots to the apex (top of its 11th leaf) looks very impressive. The population is maxed out. So, rain will be needed.

This corn was planted in mid-to-late April. It is just getting ready to release its male flowers (tassel).

It's really tall corn. And guess what, there are other parts of this 250 acre field that have even taller cornstalks. Make no mistake, the farmer realizes this isn't the end of the story. As he told me, rain is still needed. And when I shared with him the 'high ridge' talk for the latter part of July, he rolled his eyes, as if to say that's exactly what he means. Also, just two miles south of this area, a hailstorm stripped cornfields. So, there's a long way to go with this growing season. Nonetheless, it's healthy looking corn on July 8th.

Re: Floor Talk July 9

Mike,

It's really huge. In Mato Grosso, farmers are getting the worst price ever for corn, but some other crops are compensating. The problems here are the estimates for the US corn crop. I put more info on my blog: http://www.agrosouth-news.com/?p=341

Re: Floor Talk July 9

ECIN,

I wear contacts and didn't have any sunglasses with me. So, no rose-colored going on. But, yeah, I was alarmed at the size, after just returning from central Illinois, where the corn was about head-high. I will note, this same field produced corn, last year, that was as tall as the combine windshield. I remember riding in the combine, when that corn was harvested. I'm glad you liked the photo. This tall corn relates to the market, because it shows the variability that the U.S. crop is showing. How does the market read the major differences out there? That may be the question of the year.

Re: Floor Talk July 9

Quote from Mike : This tall corn relates to the market, because it shows the variability that the U.S. crop is showing. How does the market read the major differences out there? That may be the question of the year

Well here's my 2 cents worth that 90 % don't agree with - lol But as of now - No Problem with corn - These guys - have a lot of good info . And they got a good idea on how many acres will be PP - or lower production , this is more or less a prefect type of storm in my book -- you have prats of Iowa ,MN and WS that lost acres , just about any other year - the market would be going crazy - Oh my god ! Iowa is in trouble ! The world starts and stop's in Iowa . But not this year , We don't have to raise a record crop or even a super big one - just around -- say high 11's to 12 and thats where i think we will be close to baring anymore trouble .

Here's some of the trend yeilds for 2013

IN 154

IL 163.1

IA 181

OH 158.1

KY 133.3

NE 169.8

KS 120.8

NC 110.6

WI 151.6

LA 157.9

CO 145.5

AL 113.7

TN 135.3

MO 128.4

PA 132.1

MI 150.0

ND 131.4

SC 103.9

SD 135.3

VA 128.7

MS 151.5

GA 161.6

TX 128.7

MN 179.9

From the guys I have talked to--- other than 3 states - the other's look pretty good

These numbers come from FC Stone , and would say -- as of today ! there not to far off .

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